- Purchase price: $439,500
- Equity day one: $65,500
- Gross Rental Yield: 5.32%
This property was secured off market for $439,500. Desktop valuation at time of purchase was $505,000, making $65,500 equity in day 1.
This property is a 3 bedroom, 1 bathroom, 1 garage property situated on a 726m2 block. Weekly rental appraisal at $450 per week making this a 5.32% gross rental yield. Purchasers will complete a cosmetic renovation (paint and carpets) to create equity and increase the yield.
- Vacancy rate at time of purchase 0.1%
- Rental income growth in the last 12 months: 11.4%
- Capital growth in the last 12 months: 15.8%
- Large 762m2 block
- SA purchase
- Taylored Market knowledge
- Solid Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
